Hyundai Livart Furniture현대리바트

Hyundai Livart Furniture is barely profitable on thin margins, with revenue down and the shares down sharply over the past year.

Trailing twelve-month revenue to H1 2026 is about ₩1.43T, with operating income of roughly ₩7.7B and net income of about ₩5.6B, giving margins under 1%. The shares closed at ₩5,330 on 2026-10-23, about 43% below the 52-week high of ₩9,300 and 21.8% lower over one year. Recent news centres on a renovation partnership with Hyundai Engineering & Construction for existing apartments.

What stands out

• Full-year 2025 revenue fell 17.3% to about ₩1.55T, and operating income dropped to about ₩15.7B from ₩24.0B in 2024.
• Reported net income was positive in 2024 and 2025 after losses in 2022 and 2023, but ROE remains low at 1.3% on a trailing basis.
• Debt is significant relative to equity: liabilities-to-equity is 95.6%, with borrowings of about ₩112B against cash of about ₩62B.
• Trailing free cash flow is about ₩60B, which is large relative to trailing net income of about ₩5.6B.
• Valuation metrics show a P/E of 19.1 and P/B of 0.3, with a 2.4% dividend yield; peer P/E figures range widely, from 4.6 to 21 where available.
• Foreign ownership fell from 3.5% to 3.2% over 60 days, and 20-day foreign net flows were negative.

What to watch

• Full-year 2026 and Q3 results, given that trailing margins are below 1% and revenue has declined.
• Outcome of the Hyundai Engineering & Construction renovation partnership, as the data does not give its size or financial effect.
• Fair Trade collusion findings: news reports say the company was caught colluding 18 times in seven years, and the data does not say whether penalties are pending.